Archive for the ‘Markets’ Category

Globus Maritime Limited announces closing of US$ 13.5 million loan

Globus Maritime Limited announces closing of US$ 13.5 million loan
Athens, Greece, December 19, 2018 – Globus Maritime Limited (“Globus” or the “Company”) (NASDAQ: GLBS), a dry bulk shipping company, has successfully closed the refinancing of two ships through a long term credit facility with Macquarie through its global ship financing business. The loan...
December 19th, 2018 | Dry Bulkcarriers, Markets, Shipfinance, Stock Markets | Read More

Angus Procter elected as wet FFABA Chairman

Angus Procter elected as wet FFABA Chairman
Angus Procter Angus Procter, of Braemar ACM-GFI, has been elected as Chairman of the Wet FFA Brokers Association (FFABA). He replaces Pat Donnelly, also of Braemar ACM-GFI, who has chaired the group, which represents the worldwide community of tanker Forward Freight Agreement (FFA) brokers, since 2017.  Founded...
December 19th, 2018 | Markets, News, Oil Industry | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, December 19, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, December 19, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: All eyes are on the two-day FOMC monetary policy meeting which concludes later today with investors assigning a c. 70% probability for a further 25bps hike in the target rate to a range of 2.25%-2.50%. However, rising signs of slowing...
December 19th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

The BDI@1,395… Volatility yet again

The BDI@1,395… Volatility yet again
John Faraclas The BDI (Baltic Dry Index) lost 11 points earlier on today thanks to the as ever volatile Capes; perplexed Geopolitics can cause tsunamis with incalculable repercussions for all on Planet Ocean… AND Christmas parties to the fore. John Faraclas’ daily recap: The Capes’ BCI  lost 40...
December 18th, 2018 | Chartering, Dry Bulkcarriers, Markets, Oil Industry, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Shipping, logistics and marine giant GAC to set up operations at Khalifa Industrial Zone Abu Dhabi (KIZAD)

Shipping, logistics and marine giant GAC to set up operations at Khalifa Industrial Zone Abu Dhabi (KIZAD)
  Samir Chaturvedi, KIZAD CEO and GAC Abu Dhabi’s Managing Director, Göran Eriksson Leading integrated shipping, logistics and marine services provider GAC is opening a warehouse and open yard in the Middle East’s largest industrial zone and a subsidiary of Abu Dhabi Ports, Khalifa Industrial...
December 18th, 2018 | Company Profiles, Construction, Consumers Market, Gas, Logistics, News, Oil Industry, Ports & Terminals, Ship Agencies | Read More

Mild upturn with the BDI@1,406…

Mild upturn with the BDI@1,406…
John Faraclas The BDI (Baltic Dry Index) clinched five points  despite the fact that 99 centum of all dry indices were on the rise, even low key… Strange things… The Wets …falling and Geopolitics now produce tsunamis… John Faraclas’ daily brief / recap: The Capes’ BCI gained 50 points and...
December 17th, 2018 | Charity, Events, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets | Read More

Columbia takes optimisation to the next level

Columbia takes optimisation to the next level
Ms Natasa Pilides, Deputy Minister of Shipping, Republic of Cyprus and Mark O’Neil, President of Columbia Shipmanagement Columbia Shipmanagement formally opened its high-tech Performance Optimisation Control Room on Friday 14 December in Cyprus. The opening ceremony was attended by Ms Natasa Pilides, Deputy...
December 17th, 2018 | IT and Communications, Markets, News, Shipmanagement | Read More

Diana Containerships Inc. announces date for its 2019 Annual Meeting of Shareholders

Diana Containerships Inc. announces date for its 2019 Annual Meeting of Shareholders
.. ATHENS, GREECE, December 17, 2018 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, announced today that its Board of Directors (the “Board”) has scheduled the Company’s Annual Meeting of Shareholders...
December 17th, 2018 | Container shipping, Containers, Markets, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Monday, December 17, 2018)

Daily Overview of Global Markets & the SEE Region (Monday, December 17, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Eurozone PMIs for December disappointed added to market concerns about the economy’s growth outlook. On the flipside, encouraging US retail sales reinforced market optimism over the US’s cycle outperformance. Against this background,...
December 17th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Trump’s trade policies backfiring, Ahead of the ECB

Trump’s trade policies backfiring, Ahead of the ECB
Commentary: Trump’s trade policies backfiring By Desmond Lachman in Washington Something is going very wrong with the US administration’s effort to reduce the US trade deficit. It has been increasing steadily. It now stands at its highest level in the past 10 years and shows every sign of rising....
December 17th, 2018 | Markets, News, Politics and Government | Read More

The BDI@1,401 within the context of a new Geopolitical mayhem…

The BDI@1,401 within the context of a new Geopolitical mayhem…
John Faraclas The BDI (Baltic Dry Index) was up 36 points earlier on today and 29 since last week’s closing of 1,372 points – despite earlier mild hiccups (11 and 12 of Dec). Thanks to the volatile and predictably unpredictable Capes, it managed to stay afloat and “offer” a possible Christmas...
December 14th, 2018 | European Union, News, Politics and Government, Religion, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Daily Overview of Global Markets & the SEE Region (Friday, December 14, 2018)

Daily Overview of Global Markets & the SEE Region (Friday, December 14, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: In line with market expectations, the ECB decided at yesterday’s monetary policy meeting that net purchases under the asset purchase programme (APP) will cease at the end of this month. In the press conference that followed, the overall...
December 14th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

First non-EU ship recycling yards join EU List of approved facilities

First non-EU ship recycling yards join EU List of approved facilities
… LEYAL and LEYAL-DEMTAS join the EU list following independent verification from Lloyd’s Register (LR) 13 December 2018 – The European Commission published the fourth version of the ‘European List of ship recycling facilities’ last week, adding six new yards, taking the total up...
December 13th, 2018 | European Union, Organisations, Ship Demolitions | Read More

Moore Stephens: Confidence dips but investment appetite undimmed

Moore Stephens: Confidence dips but investment appetite undimmed
Richard Greiner Shipping confidence dipped slightly in the three months to end-November 2018, according to our latest Confidence Survey. The average confidence level expressed by respondents was down to 6.0 out of a maximum possible score of 10.0, this compared to the figure of 6.3 recorded in August...
December 13th, 2018 | Markets, Special Surveys | Read More

The BDI@1,353: another mild fall amidst global uncertainty… UK PM Theresa May wins Confidence Vote!!!

The BDI@1,353: another mild fall amidst global uncertainty… UK PM Theresa May wins Confidence Vote!!!
John Faraclas. Picture credits George Christakis The BDI (Baltic Dry Index) 11 points losses were considerably marginal given that yesterday the losses were almost double – 21 points down. Geopolitical uncertainties with the BREXIT taking more twists and turns. John Faraclas’ brief recap: The Capes’...
December 12th, 2018 | Breaking News, Chartering, Dry Bulkcarriers, European Union, Fixtures, Markets, Politics and Government, Reports, Shipping Indices, Statistics, Tankers, Trade and Commerce | Read More

Capital Link’s Greek Day at NYSE

Capital Link’s Greek Day at NYSE
.. New York, December 11, 2018 – Within the context of the 20th Annual Capital Link Invest in Greece Forum the New York Stock Exchange in cooperation with Capital Link organized a special ceremony in honor of Greece entitled “Greek Day at NYSE”. On Tuesday, December 11th, 2018, the New York...
December 12th, 2018 | Banking, Conferences, Seminars, Forums, Finance, Markets, News, Shipfinance, Trade and Commerce | Read More

Trends for the Ocean Shipping Industry to Watch in 2019

Trends for the Ocean Shipping Industry to Watch in 2019
.. Navis Identifies Trends to Watch for Ocean Shipping in 2019: Collaboration and Data Standardization, Smart Containers, Trade Wars, Increased IT Spend, Automation Gains, Capacity Management OAKLAND, CA, December 12, 2018 — Major opportunities are on the horizon for ocean shipping as the rapid...
December 12th, 2018 | Markets, Reports | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, December 12, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, December 12, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: According to press reports, UK Premier Theresa May is likely to face a leadership challenge later today. If she does lose —a simple majority of votes against her by conservative MPs would suffice—an interim leader will have to be...
December 12th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

LNG carrier Christophe de Margerie loads first cargo from Yamal LNG third train

LNG carrier Christophe de Margerie loads first cargo from Yamal LNG third train
Christophe de Margerie On 11 December 2018 the Arctic LNG carrier Christophe de Margerie, owned and operated by Sovcomflot, loaded the first batch of liquefied natural gas (LNG) produced on the third high-tech production line of the Yamal LNG project, at the Port of Sabetta on the Yamal Peninsula. Dmitry...
December 12th, 2018 | LNG | Read More

Diana fixes panamax bulker “Ismene” on period to Koch

Diana fixes panamax bulker “Ismene” on period to Koch
DIANA SHIPPING INC. ANNOUNCES TIME CHARTER  CONTRACT FOR M/V ISMENE WITH KOCH ATHENS, GREECE, December 11, 2018 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned...
December 11th, 2018 | Chartering, Company Profiles, Dry Bulkcarriers, Markets, News, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, December 11, 2018)

Daily Overview of Global Markets & the SEE Region (Tuesday, December 11, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Acknowledging that her government would have faced a heavy defeat, UK Prime Minister Theresa May cancelled the vote in the House of Commons on her proposed Withdrawal Agreement and Political Declaration, which was scheduled for today....
December 11th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Changes to the composition of the OBX Index from 27 December 2018

Changes to the composition of the OBX Index from 27 December 2018
News from Oslo Børs 11/12/2018 – Oslo Børs has performed the semi-annual revision of the composition of the OBX Index, which consists of the 25 most traded shares at Oslo Børs. From 27 December 2018, NEL (NEL) and BW Offshore Limited (BWO) will be added to the index, while Norwegian Finans Holding...
December 11th, 2018 | Markets, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Monday, December 10, 2018)

Daily Overview of Global Markets & the SEE Region (Monday, December 10, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Risk-off sentiment continued to engulf global market markets early today on mounting worries over the global growth outlook, increasing risks that the US/China trade negotiations may not deliver a successful outcome and expectations...
December 10th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

IMCA holds highly successful annual seminar

IMCA holds highly successful annual seminar
Allen Leatt, IMCA’s CEO at the IMCA Annual Seminar in The Hague Inspirational speakers captivate an audience of 300 delegates from across the industry The International Marine Contractors Association’s (IMCA) Annual Seminar was enthusiastically greeted by delegates in a packed theatre at The World...
December 10th, 2018 | Associations, Conferences, Seminars, Forums, Energy, Oil Industry, Oil Platforms and Rigs | Read More

AKK’s rise: France, euro repercussions, City Lecture with Vítor Constâncio

AKK’s rise: France, euro repercussions, City Lecture with Vítor Constâncio
.. Commentary: AKK’s rise – France, euro repercussions By David Marsh in London Annegret Kramp-Karrenbauer, the new leader of Germany’s principal governing party, faces a complex struggle to impose her will on her fractious Christian Democratic Union. She will pursue a more conservative...
December 10th, 2018 | Banking, European Union, Finance, Markets, Organisations, Politics and Government | Read More